The 32-year-old Wallace has played 232 NRL games, 92 with Penrith either side of a six-year stint at the Broncos.

Penrith finished the 2017 season in seventh, going out to Brisbane in the second week of the finals.

Wallace's leadership will be buoyed by the addition of Maloney to a strong young team which has many fans optimistic about the future at the foot of the mountains, while Maloney himself is keen to get to work with his new halves partner, boom youngster Nathan Cleary.

"I'm looking forward to building a combination with him and obviously some other exciting players," Maloney said.

The pair first met when Maloney was playing under Ivan Cleary at the Warriors in 2011 and a 13-year-old Nathan was running out the kicking tee.

"I ran into him at a game when he was in the lower grades here, he came and said 'hello' and it wasn't too much longer after he that he was playing first grade.

"He's got plenty of potential there. He's been pretty impressive in what he's done at such a young age and no doubt it'll be tougher the longer he goes on, the more heat will go on him.

"So hopefully we can take a little bit of pressure off him there, just build something that suits his game and I can help him out a little bit."